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Accounting for Research and Productivity Growth Across Industries

Ngai, L. Rachel; Samaniego, Roberto M. - Centre for Economic Performance, LSE - 2009

What factors underlie industry differences in research intensity and productivity growth? We develop a multi-sector endogenous growth model allowing for industry specific parameters in the production functions for output and knowledge, and in consumer preferences. We find that industry...

Persistent link: https://www.econbiz.de/10005256487

Dynamic Selection: An Idea Flows Theory of Entry, Trade and Growth

Sampson, Thomas - Centre for Economic Performance, LSE - 2014

technology distribution. By shifting the productivity distribution upwards, selection on productivity causes technology diffusion … distribution is a traveling wave with an increasing lower bound. Growth of the lower bound causes dynamic selection. Free entry … mandates that trade liberalization increases the rates of technology diffusion and dynamic selection to offset the profits from …

Persistent link: https://www.econbiz.de/10010812585

Information and Communication Technologies in a Multi-Sector Endogenous Growth Model

Vourvachaki, Evangelia - Centre for Economic Performance, LSE - 2006

This paper investigates the impact of Information and Communication Technologies (ICT) on growth in an economy, consisting of three sectors, ICT-producing, ICT-using and non-ICT-using. The benefits from ICT come from the falling prices of the ICT-using sector's good, which is used for the...

Persistent link: https://www.econbiz.de/10005670588

Can We Learn Anything from Economic Geography Proper?

Overman, Henry - Centre for Economic Performance, LSE - 2003

Abstract This paper considers the ways geographers (proper) and (geographical) economists approach the study of economic geography. It argues that there are two areas where the approach of the latter is more robust than the former. First, formal models both enforce internal consistency and allow...

Persistent link: https://www.econbiz.de/10005017182

Medium and Long Run Prospects for UK Growth in the Aftermath of the Financial Crisis

Oulton, Nicholas - Centre for Economic Performance, LSE - 2013

The productivity performance of the UK economy in the period 1990-2007 was excellent. Based entirely on pre-crisis data, and using a two-sector growth model, I project the future growth rate of GDP per hour in the market sector to be 2.61% p.a. But the financial crisis and the Great Recession...

Persistent link: https://www.econbiz.de/10010700733

Outsourcing and the shift from manufacturing to services

Berlingieri, Giuseppe - Centre for Economic Performance, LSE - 2014

Giuseppe Berlingieri looks at the structural transformation of the US economy over the past 60 years.

Persistent link: https://www.econbiz.de/10010774271

Outsourcing and the shift from manufacturing to services

Berlingieri, Giuseppe - Centre for Economic Performance, LSE - 2014

Giuseppe Berlingieri looks at the structural transformation of the US economy over the past 60 years.

Persistent link: https://www.econbiz.de/10010738421

Long Term Implications of the ICT Revolution: Applying the Lessons of Growth Theory and Growth Accounting

Oulton, Nicholas - Centre for Economic Performance, LSE - 2010

How big a boost to long run growth can countries expect from the ICT revolution? I use the results of growth accounting and the insights from a two-sector growth model to answer this question. The use of a two-sector rather than a one-sector model is required because of the very rapid rate at...

Persistent link: https://www.econbiz.de/10009643553

Outsourcing and the Rise in Services

Berlingieri, Giuseppe - Centre for Economic Performance, LSE - 2013

This paper investigates the impact of outsourcing on sectoral reallocation in the U.S. over the period 1948-2002. Roughly 40% of the growth of the service sector comes from professional and business services. This is an unusual industry as more than 90% of its output is an intermediate input to...

Persistent link: https://www.econbiz.de/10010945147

Large Capital Inflows, Sectoral Allocation and Economic Performance

Benigno, Gianluca; Converse, Nathan; Fornaro, Luca - Centre for Economic Performance, LSE - 2015

This paper describes the stylized facts characterizing periods of exceptionally large capital inflows in a sample of 70 middle- and high-income countries over the last 35 years. We identify 155 episodes of large capital inflows and find that these events are typically accompanied by an economic...

Persistent link: https://www.econbiz.de/10011271361